CCI offers leniency for industry informers following cement success

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India: Encouraged by the general response to its US1.1bn penalty imposed on 11 Indian cement companies for a price-fixing cartel, India's competition watchdog, the Competition Commission of India (CCI), has said that it will show leniency to those companies and individuals that provide information on cartels and anti-competitive agreements.

"It is the right time to reach out to people and encourage them to come out with information on more cartels," said CCI Chairman Ashok Chawla. Chawla said that the Competition Act provides for 'leniency programmes' for those who help the CCI tackle the 'pernicious practise of cartelisation,' and pointed out that the facility had not yet been used.

Last modified on 07 August 2012

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